Thrivent Financial for Lutherans Purchases 23,828 Shares of Fox Factory Holding Corp. (NASDAQ:FOXF)

Thrivent Financial for Lutherans grew its holdings in Fox Factory Holding Corp. (NASDAQ:FOXF) by 191.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,269 shares of the company’s stock after purchasing an additional 23,828 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Fox Factory were worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of FOXF. YHB Investment Advisors Inc. acquired a new position in shares of Fox Factory during the first quarter valued at about $42,000. TFO Wealth Partners LLC raised its stake in shares of Fox Factory by 14,180.0% in the fourth quarter. TFO Wealth Partners LLC now owns 714 shares of the company’s stock worth $48,000 after purchasing an additional 709 shares during the last quarter. Fifth Third Bancorp grew its holdings in Fox Factory by 26.5% during the second quarter. Fifth Third Bancorp now owns 1,245 shares of the company’s stock worth $60,000 after buying an additional 261 shares in the last quarter. Covestor Ltd boosted its holdings in Fox Factory by 31.8% during the 1st quarter. Covestor Ltd now owns 1,518 shares of the company’s stock worth $79,000 after acquiring an additional 366 shares during the last quarter. Finally, CWM LLC boosted its holdings in Fox Factory by 34.3% during the 2nd quarter. CWM LLC now owns 2,222 shares of the company’s stock worth $107,000 after acquiring an additional 567 shares during the last quarter.

Insider Buying and Selling

In other Fox Factory news, CEO Michael C. Dennison bought 4,800 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was acquired at an average price of $41.44 per share, with a total value of $198,912.00. Following the completion of the purchase, the chief executive officer now owns 135,066 shares of the company’s stock, valued at $5,597,135.04. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FOXF. Bank of America dropped their price target on shares of Fox Factory from $53.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, September 12th. B. Riley cut their price objective on Fox Factory from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Truist Financial cut their price target on shares of Fox Factory from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, Robert W. Baird decreased their price objective on shares of Fox Factory from $48.00 to $45.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.17.

Fox Factory Stock Performance

NASDAQ:FOXF opened at $40.35 on Thursday. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 2.92 and a beta of 1.63. Fox Factory Holding Corp. has a 1-year low of $34.56 and a 1-year high of $97.57. The business has a 50 day moving average of $41.77 and a 200 day moving average of $44.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.13 and a quick ratio of 1.63.

Fox Factory (NASDAQ:FOXF) last issued its earnings results on Thursday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.03. The firm had revenue of $348.49 million for the quarter, compared to analysts’ expectations of $346.22 million. Fox Factory had a net margin of 3.07% and a return on equity of 7.66%. The business’s revenue was down 13.0% on a year-over-year basis. During the same quarter last year, the business earned $1.21 earnings per share. On average, sell-side analysts predict that Fox Factory Holding Corp. will post 1.56 earnings per share for the current fiscal year.

Fox Factory Company Profile

Fox Factory Holding Corp. designs, engineers, manufactures, and markets performance-defining products and system worldwide. The company offers powered vehicle products for side-by-side vehicles, on-road vehicles with and without off-road capabilities, off-road vehicles and trucks, all-terrain vehicles, snowmobiles, and specialty vehicles and applications, such as military, motorcycles, and commercial trucks; lift kits and components with shock products and aftermarket accessory packages for trucks; and mid-end and high-end front fork and rear suspension products.